Margo is trying to be financially responsible. She is going to save 22% of her paycheck every month. If her paycheck is $2500 each month, then how much money will she have saved after a year of saving? (1 point)
To find out how much money Margo will have saved after a year, we need to find out how much she saves each month and then multiply that amount by 12 to get the total savings for the year.
Margo saves 22% of $2500, so we need to find 22% of $2500.
To find 22% of $2500, we multiply 0.22 by $2500.
0.22 × $2500 = $<<0.22*2500=550>>550.
Therefore, Margo saves $550 each month.
To find out how much Margo will save in a year, we multiply $550 by 12.
$550 × 12 = $<<550*12=6600>>6600. Answer: \boxed{6600}.